# Europe needs laws to stop import of deforestation-linked products, lawmakers say

> The European Parliament called on the EU to introduce laws preventing imports of commodities linked to deforestation and human rights abuses, in a report adopted on 22 October 2020. Lawmakers want mandatory due diligence applied to all businesses, including banks, with criminal and civil penalties. The Commission is expected to propose legislation by next summer.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/50659-europe-needs-laws-to-stop-import-of-deforestation-linked-products-lawmakers-say
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Proposed due diligence rules could raise compliance costs for importers of soy, palm oil and beef into the EU. Any price effect would depend on final legislation and timing.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-14 | [EU mulling rules to stop import of ‘deforestation’ products – EUobserver](https://feedsoft.ai/events/45098-eu-mulling-rules-to-stop-import-of-deforestation-products-euobserver.md) | -0.8% | -3.5% |
| SOY | 2026-02-19 | [Reports: EU to add more products to deforestation-linked imports ban - edie](https://feedsoft.ai/events/20610-reports-eu-to-add-more-products-to-deforestation-linked-imports-ban-edie.md) | +1.3% | +2.5% |
| SOY | 2023-01-05 | [EU ban on deforestation-linked goods sets benchmark, say US lawmakers \| Deforestation \| The Guardian](https://feedsoft.ai/events/37816-eu-ban-on-deforestation-linked-goods-sets-benchmark-say-us-lawmakers.md) | +2.5% | +3.8% |
| SOY | 2017-10-03 | [EU adopts final list of products covered by deforestation rules - Foreurope](https://feedsoft.ai/events/68513-eu-adopts-final-list-of-products-covered-by-deforestation-rules-foreurope.md) | +1.0% | +1.6% |
| SOY | 2021-09-20 | [European Commission to ban beef, soy and palm oil imports linked to deforestation \| Eurogroup for Animals](https://feedsoft.ai/events/45103-european-commission-to-ban-beef-soy-and-palm-oil-imports-linked-to.md) | +0.1% | -5.2% |
| PALMOIL | 2021-09-14 | [EU mulling rules to stop import of ‘deforestation’ products – EUobserver](https://feedsoft.ai/events/45098-eu-mulling-rules-to-stop-import-of-deforestation-products-euobserver.md) | -0.8% | +12.8% |
| PALMOIL | 2026-02-19 | [Reports: EU to add more products to deforestation-linked imports ban - edie](https://feedsoft.ai/events/20610-reports-eu-to-add-more-products-to-deforestation-linked-imports-ban-edie.md) | +0.6% | +9.1% |
| PALMOIL | 2023-01-05 | [EU ban on deforestation-linked goods sets benchmark, say US lawmakers \| Deforestation \| The Guardian](https://feedsoft.ai/events/37816-eu-ban-on-deforestation-linked-goods-sets-benchmark-say-us-lawmakers.md) | -3.9% | -6.1% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/europe-needs-laws-stop-import-165106460.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.